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Third Party Risk Manager (£85k), Luton, Bedfordshire
Client:
Location: Luton, Bedfordshire, United Kingdom
Job Category: Other
EU work permit required: Yes
Job Views: 4
Posted: 21.03.2025
Expiry Date: 05.05.2025
Job Description:
Third Party Risk Management Lead (Procurement) | £80,000 to £85,000 | 20% bonus | private healthcare | strong pension | + very envious industry-related benefits | Luton - Hybrid | Global household brand used by everyone
A brand new role in the midst of a procurement transformation and new initiatives from the Procurement Centre of Excellence function, Third Party Risk Management now sits within the procurement function.
This business is looking for an experienced TPRM who has implemented this in parallel with supplier frameworks across the board with an entire supplier base for a company. Being a new role, new function, and part of change, this person will need to hit the ground running from day 1 to ensure a wider metric of the procurement transformation falls into place.
Role and Responsibilities:
* Build strong internal relationships across all levels, gain accountability to identify each business area's suppliers and associated risks
* Implement and manage effective TPRM across all suppliers and the existing contracts
* Mitigate risks associated with third-party vendors and ensure compliance with regulations and internal policies
* Support the Supplier Management framework to roll this out across all vendors in all categories
* Analyse and consolidate the procurement team's behaviours and implement best practices in sourcing and SRM
* Create a TPRM strategy, operating model, which includes risk owners, and create a TPRM policy
* Ensure all TPRM frameworks are in line with the group CSR and ESG policies, for the audit team to justify the supplier base is in line
* Establish clear and consistent procedures for vendor onboarding, risk assessment, due diligence, and ongoing monitoring
Experience and Requirements:
* Supplier management and Third Party Risk management
* Proven experience of implementing, improving and transforming a TPRM policy and framework
* Ability to work at a fast pace and adapt to change in the midst of a transformation
* Ability to analyse detailed financial and general management information
* Proven ability to build strong relationships with internal and external stakeholders at a variety of levels, up to C-suite
* Strong data analytical skills, leadership ability, and business and project management knowledge
* A proactive and self-motivated individual who enjoys finding solutions to problems in a quickly changing and large-sized business
* Confidence to challenge existing ways of working and enact change management
* Displaying determination with a tenacity to deliver to the bottom line
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